en2019-09-14T23:16:47+00:00On the Believable Benefits of Low Inflationhttps://www.bankofcanada.ca/1998/09/working-paper-1998-15/
This paper reviews the existing theoretical and empirical literature addressing the benefits of low inflation. The ultimate goal is to arrive at a set of benefits in which a monetary authority can have genuine confidence. I argue that the current state of economic research—both empirical and theoretical—provides little basis for believing in significant observable benefits [&hellip;]1998-09-05T10:25:08+00:00enOn the Believable Benefits of Low Inflation1998-09-05Inflation: costs and benefitsWorking Paper 1998-15 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp98-15.pdfOn the Believable Benefits of Low InflationChristopher RaganSeptember 1998EE3E31